Financial Planning and Reports

Annual budget

Peninsula Metropolitan Park District operates on an annual budget cycle with the fiscal year aligning with the calendar year. The adopted budget strategically balances resources to enhance the quality of life on the peninsula by providing parks and recreation opportunities for the community. It represents a community-driven spending plan that supports public priorities for parks and recreation services and advances a shared vision for PenMet Parks to be a leader in promoting health and well-being in a thriving community.

The annual budget balances these priorities with community need, while also reinforcing PenMet Parks’ commitment to fiscal accountability through responsible and transparent spending. It strengthens the District’s financial position by building strategic reserves designed to sustain services during changes in local and regional economic conditions and by diversifying alternative revenue sources to create organizational resiliency.

The Board of Park Commissioners conducts a public review of the proposed budget each year before final adoption in November. Below is a schedule of the typical budget process.

Budget Calendar

Date	Action Item
April	Board discusses Executive Director’s proposed goals and objectives
May	Board adopts goals and objectives
May	Executive Director issues budget directive
July	Division budget proposals due
September	Executive Director submits budget proposal to Park Board
October	Park Board discusses budget proposal
November	Notices of public hearing published in the paper October and November
November	First public hearing of proposed Budget and the proposed Levy of Regular Property Tax for collection
November	Board hears proposed levy of regular property tax
November	Public hearing regarding the final Budget
November 18, 2025	Board considers adopting Budget
January 2026	Budget becomes effective

Budgets

Annual Report

PenMet Parks releases its annual report in the first quarter of the new year. The report looks at the prior year, highlighting successes and accomplishments of the District. The report reflects our value of responsibility and our commitment to transparency, providing an update on programs and finances.